ONE Gas, Inc. (OGS) to Issue Quarterly Dividend of $0.67 on March 7th

ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Tuesday, January 7th,RTT News reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.67 per share by the utilities provider on Friday, March 7th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from ONE Gas’s previous quarterly dividend of $0.66.

ONE Gas has increased its dividend payment by an average of 4.4% per year over the last three years. ONE Gas has a payout ratio of 60.0% meaning its dividend is sufficiently covered by earnings. Analysts expect ONE Gas to earn $4.26 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 62.9%.

ONE Gas Stock Up 1.9 %

Shares of ONE Gas stock opened at $72.90 on Wednesday. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The company has a market cap of $4.13 billion, a P/E ratio of 18.98, a PEG ratio of 3.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The firm has a fifty day moving average of $70.04 and a two-hundred day moving average of $71.38.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America started coverage on shares of ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 price target for the company. Jefferies Financial Group reduced their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, January 18th. Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company lowered their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.31.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.